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July 18, 2006
7 Smart Ways to Maximize Home Equity
Home equity loans take advantage of the equity in the borrower's home; equity is the difference between the fair market value of the home minus the current mortgages on the property. The loans may take different forms, a home equity line of credit in which case the money is available but no interest is charged until the money is used. When you compare home equity loans make sure you are comparing fixed rate loans with fixed rate terms. And if you are comparing home equity credit lines, then remember to compare the prime rate margin after the introdutory period. Keeping your loan shopping on fair playing grounds for the brokers and lenders will help you get a great loan within a reasonable
From 7 Smart Ways to Maximize Home Equity
Posted by Mel at July 18, 2006 02:29 PM
